MBCC Portfolio Update - As we head into the key OPEC+ decision, what does a "cut" mean for physical markets? What is the Dollar doing here and what does it mean for broader risk assets?

The last few days has seen the Dollar fall, Bonds rally as central banks have been trying to intervene in the FX markets to limit their currencies from falling (e.g. PBOC). This has helped all asset classes rally. So, is the OPEC+ talk of cutting up to 2 mbpd taking the Oil prices higher or is it more the macro that has helped Oil the last few days. Which one is it? Of course analysts and the media will put a narrative to a move, but what is really happening and how should you be positioned?

All this and more discussed today. Sign up to receive our commercial insights as we attend the Global Energy Forum in Fujairah talking to host of governments, funds, and institutions in the region to know what is on their minds and how much is in their control. A lot out there, what is the trade here?